If you're less familiar with bonding for commercial contractors, one of the first pieces of information you'll need to gather is their work on hand. This can be key to an underwriter when looking to approve a bond, as contractors can potentially default due to their overextended workload.
work on hand reports,
Ever think of living in an earth home? Converting a dome or caboose into a home? How about living with exotic animals? People don't just live in a traditional home with a white picket fence, a tire swing, and a dog anymore. Many are swaying from conventional ways and applying their creative desires to their homes in every way possible. And guess what? No matter how unique, we can write them!
As a Managing General Agency that specializes in Excess and Surplus Lines (E&S) Insurance, our underwriters get to see all of the interesting risks that the standard lines markets are not interested in providing coverage for. From meth lab clean-up's to squash sling-shot's, here are some of the unique risks our Property and Casualty (P&C) Team recently quoted:
Property & Casualty,
Are you ready to try a customer feedback survey for your agency? Utilize these 10 tips to create a survey that is easy to understand, easy to complete, and that provides you with actionable insights!
In the wake of ridesharing, more self-starters are supplementing their income by opening their own chauffeur service on the side. Coverage, qualifications, and licensing can vary by state. Are you up-to-date with your state's limo driver requirements?
Respond to the needs of your insured faster with the answers to these most commonly asked limousine-related questions:
Do you have a market for...? What is on-hook? What are filings? Why is it important to know the stretch of a vehicle? In the ever-growing world of transportation insurance, it can be nearly impossible to keep up with markets, terms, requirements, etc. To keep you ahead of the game, here are some answers to our transportation agents' most popular questions:
You do much more than sell insurance for commission. You are a relationship builder, an entrepreneur, and most of all you are someone who makes an impact. Successful agents recognize this. Insurance marketing expert, Brent Kelly, says it best:
In the trucking industry, it's a common practice for truckers to haul the trailers of others in their day to day operations. When an agent comes to me for help finding coverage for his/her insured in this situation, I often hear the terms, "trailer interchange" and "non-owned trailer" being used synonymously - however, these are two different coverages with different requirements for each. For example, something I hear all the time is, “My insured is using the shipper’s trailer so they need trailer interchange.” While this may be true if the insured is hauling for a common shipper who has their own written trailer interchange agreement, the majority of the time the insured is simply hauling for XYZ Company and only responsible for the coverage of that trailer. In these instances, the coverage can be taken care of by simply scheduling a non-owned trailer with physical damage.
You've probably heard the terms, "agency bill" and "direct bill" in the insurance industry at one point or another - but do you know the difference between these two billing methods? The answer is actually pretty simple. In short, it determines who is responsible for collecting the premium on the policy.
More specifically, agency bill and direct bill can be defined as:
Even though it might be hard to tell depending on where you live - spring is on its way! That means watercraft season is also right around the corner. As your clients begin to bring their boats out of storage and get them ready for water, help them save a little extra cash on their watercraft coverage this season by taking advantage of these insurance credits.
watercraft insurance credits,